Tax regulations

There has been no shortage of confusion as American taxpayers have started filing their returns for the first time under the 2017 tax overhaul.

Like-kind exchanges can vary greatly in their complexity. Basic transactions may require little mental horsepower to conduct, but some can be extremely tricky.

The relief is conditioned on the partnerships providing the missing information in a separate schedule by March 15, 2020.

The Internal Revenue Service is considering issuing rules that could invalidate some of the last remaining strategies in New York and Connecticut to circumvent the state and local tax, or SALT, deduction cap that kicked in for the 2018 tax year.

The Court of Appeals for the District of Columbia Circuit has given the IRS a victory in its quest to charge fees.

The Treasury and the service are seeking public comments on the proposal.

Testifying before the service, institute officials also addressed the calculation of adjusted taxable income and the treatment of partnership income.

The Institute has some recommendations about ways to improve the proposed regulations for implementing limitations under the Tax Cuts and Jobs Act.

The American Institute of CPAs is asking the Treasury and the IRS about their proposed regulations on estate and gift taxes under the Tax Cuts and Jobs Act.

The Internal Revenue Service reportedly had to cope with 5 million pieces of unopened mail when its employees returned to work after the 35-day government shutdown, and the agency posted advice on its website on how it was working to resume normal operations.